Financial crisis in countries such as the United States and most Western countries in Europe actually cause suffering to millions of Americans and Europeans until today. People have lost confidence in the financial system and the existing institutions. At the midst of this crisis, many economic experts’ had giving attention to Islamic banking and financial system that is seen more stable and powerful at a time when many conventional financial institutions were struggle to remain in operation. Over the past few years the world community began to give serious attention to the Shariah based system that is free from usury and fraud elements that usually occurred in the conventional financial system.

Malaysia is the first country to introduce Islamic banking system in Southeast Asia. In line with the rapid development and encouraging, a variety of planning and efforts have been made by many institutions. Today, the financial system in Malaysia consists with two different types of banking systems which are the conventional banking system and the Islamic banking system. These two system can be co-exists together. However, in some countries such as Iran and Pakistan, they only practise the Islamic banking system; meanwhile there are also countries that only practise the conventional banking system.

Conventional banking is based on the principle that the more you have, the more you can get. In other words, if you have little or nothing, you get nothing. As a result, more than half the population of the world is depressed of the financial services of the conventional banks. Conventional banking is based on collateral. Conventional banks look at what has already been acquired by a person. Conventional banks will take action when a borrower is taking more time in repaying the loan than it was agreed upon. When a customer gets into difficulty, conventional banks get...

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...New paradigm of product packaging.
Islamic banking and finance has emerged as a financial intermediation process that is competitive and resilient and that contributes to the overall wealth creation, growth and development of our nation. In the middle of an increasingly challenging and competitive financial environment, the evolution of a comprehensive Islamic financial system seeks to meet the range of requirements of a rapidly changing economic environment, with its soundness and stability secured through the robustness of its regulatory framework supported by the strength of its financial infrastructure and the sophistication of its products and services. Indeed, the strength of the respective components of the system and the interconnections of its markets will open new frontiers in Islamic banking and finance and will maximize the potential and opportunities that it accords. In the new currentissues on Islamic banking and finance have increased their product in sophistication from the deposits product to hybrid product that are able to enhance returns to depositors. Further advancement was made with the introduction of the Islamic variable rate financing mechanism that provides an alternative to the fixed rate financing. This will assist the Islamic banking institutions in mitigating part of the risk emanating from asset and liability mismatches. New innovative Islamic financial...

...﻿ENGL 1113: English Composition I
Writing to Convince Essay
Prof. Wise
For this assignment, you are to
select a topic that is somewhat global in nature and inspired from your reading Dr. Seuss
using one of the Dr. Seuss stories, analyze the plot of the story to identify and explain the subtext of the story—the author’s theme or underlying lesson about something more than the literal story
research some helpful background information that the author Dr. Seuss may have known or used to develop the story—many articles have been written
develop a reasonable thesis statement that will make a claim about the stance that is taken by Dr. Seuss—is he right or wrong?
think about what will you use to support both sides. Parts of the story along with researched information are to be included.
complete your research and document all of your sources cited (used in the essay)
make use of the rhetorical triangle: ethos, logos, and pathos
avoid logical fallacies
Objectives:
use invention techniques such as brainstorming, listing, cubing, reporters’ questions, free-writing, and clustering.
organize ideas and supporting details in a clear and effective manner.
express the main idea of an essay in a thesis statement.
develop effective paragraphs that exhibit unity, organization, and coherence.
write correct and effective sentences.
revise and edit essays to improve the original draft.
gather information from a variety of sources, incorporate the information into a...

...
Present Scenario:
Pakistan’s economy is in a downward spiral. Inflation is at 25percent (food inflation 50%), foreign reserves are falling, and the government is in danger of defaulting on its foreign debt. A spike in global food prices has hit Pakistanis especially hard, and the global financial crisis only threatens to exacerbate Pakistan’s economic woes. Pakistan is watching foreign investors flee.
Weak governance has contributed to growing militancy in Pakistan, economic troubles, and regional instability. As in the past, the possibility remains that Pakistan’s military could conduct a coup if it perceives the government as inept. Or Pakistanis may rise up in protest due to the government’s inability to deal with economic issues.
Pakistan economy is under its terrible crisis due to following REASONS
One of the immediate causes is Political instability due to Musharaf’s position as president, delay in restoring judiciaryand resultantly withdrawal of PML (N) from the alliance leaving behind ‘dead’ ministry of finance. In contrast the present government is not showing strong will to cope with the situation. Though some Positive Measures. To end Load Shedding till 14th August, 2009, Benazir income Scheme programme, Distribution of Land in Sindh, tight Tariff System against luxury items
Suicide attacks in the industrial cities-fear among people, disinvestment and maximum outflow of capital, especially in Dubai stock exchange crash....

...its 20,000-strong workforce have eroded the airline's competitiveness against the region's leaner and highly profitable low-
cost carriers.
Malaysian Airline System Bhd. reported a net loss of 443 million ringgit ($139.5 million) in the first quarter, widening from a loss of 279 million in the same quarter last year. In 2013, the company reported a loss of 1.17 billion ringgit, its third consecutive year in the red.
At the end of the first quarter, the company had $1.06 billion in cash-on-hand and $3.7 billion in total debt, according to data from S&P Capital IQ. Total debt has more than doubled from $1.78 billion at the end of 2011.
If the company continues to incur losses, which is widely forecast, some analysts say they expect its current cash levels to allow the airline to run operations until the end of next year, before it would need to consider seeking a capital bailout from the state. With the downing of MH17, Malaysia Airlines has lost two planes in five months. The WSJ's Ramy Inocencio asks Vivian Lines, global vice chairman at Hill+Knowlton Strategies, if Malaysia Airlines can survive.
Malaysia Airlines' yields—how much money the carrier makes per passenger for each kilometer flown, and an important measure of profitability—were already falling after the first disaster, said Ian Douglas, senior lecturer of aviation at the University of New South Wales. If spooked passengers avoid the airline's flights, those yields could fall further.
After a...

...strategy to product release plans.
Opening up for Innovation: In this principle collaboration and how the companies are adopting new approaches to innovation is mentioned. In todays world the pace of innovation and technological progress is such that the companies cannot solely rely on it’s employees. To compete with their peers, companies should get world’s best innovators into picture. This can be achieved by keeping their boundaries more porous, flexible and open. Creating an open platform brings the best outcomes.
However in order to make this possible, there should be a set of standards mentioned else the company might end up giving away its most priced possession, data. No other example other than Microsoft’s where kinect hardware issue can explain this.
Why sharing makes good Business Sense: This states that sharing of data can do more good than bad, which was a myth in the past. It has become very evident that a rigid approach of protecting intellectual property can sometimes cripple rather than enhance an organization’s ability to innovate and create value. This means that the companies place their intellectual assets in commons where more number of companies and individuals can use those assets to create more value.
While sharing data, not only with whom the data is being shared but also what data is being shared has to be taken care of. The best example to cite this is GSK Pharmaceuticals. How all the scientists came forward and collectively...

...Pakistan’s Banking Sector
Current Situation and Critical Issues
ISHRAT HUSAIN
Pakistan’s banking sector reforms which were initiated in the early 1990s have transformed the sector into an efficient, sound and strong banking system. The most recent comprehensive assessment carried out jointly by the World Bank and the IMF in 2004 came to the following conclusion:
“ for reaching reforms have resulted in a more efficient and competitive financial system In particular, the predominantly state-owned banking system has been transformed into one that is predominantly under the control of the private sector. The legislative framework and the State Bank of Pakistan’s supervisory capacity have been improved substantially. As a result, the financial sector is sounder and exhibits an increased resilience to shocks.”
The major changes that have occurred in the banking sector during the last decade or so can be summarized as follows:
a) 80 percent of the banking assets are held by the private sector banks and the privatization of nationalized commercial banks has brought about a culture of professionalism and service orientation in place of bureaucracy and apathy.
b) The banks that were losing money due to inefficiencies, waste and limited product range have become highly profitable business. These profits are, however, being used to...

...Introduction
Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah, called ﬁqh muamalat (Islamic rules on transactions). The rules and practices of ﬁqh muamalat came from the Quran and the Sunnah, and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’), analogy (qiyas) and personal reasoning (ijtihad).
The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers and the credibility of Shariah advisers may also depend on the perceptions and confidence of the bank managers in their role. In a conventional Bank they might have their legal adviser or business adviser; however these advisers are dissimilar from Islamic Banks' Shariah Advisers.
It is because, the management of the conventional bank is not bound whether to take any advice given by their legal and business adviser or not; whereas Islamic Banks' management are obligated to adhere with the decision made by their Shariah Advisers when the product proposed or any operational issues defined contradicts with the Shariah principle. In order to ensure the modern application of banking system is in line with Shariah requirements, it is strongly stresses that the objectives of the establishment of Islamic Bank are to achieve the success in the world and in the hereafter. The objectives of Islamic banks may therefore...

...CurrentIssues Paper
For quite a long time now an increased concern of wildlife has developed. This includes protection, conservation, global warming and the most important factor: our very own impact on the flora and fauna on this Earth.
After some steady research in the extinction and diseases of wildlife I have discovered there are a lot of problems, some are man-made but a lot are unknown or natural. Which is interesting in itself, does this mean that all wildlife will soon die off no matter how hard we try to maintain it? Or does it mean we are not doing our part as protectors of the wild? What does that even mean to be a protector of wild? Isn’t that contradicting the very concept of being “wild?”
The Grey/Gray American Wolf or common wolf is one of the largest members of the dog family. Surprisingly the Grey wolf is not actually grey; the coat can actually vary from shades of white to black. The Grey wolf looks similar to a domestic dog, with a strong body, a heavy head, wide temple and a very predominant jaw. The size of a wolf depends on the environment it resides in, Northern wolves are predominantly bigger. Wolves live in linked families which include the parents, their offspring and sometimes adoptee wolves. The way wolves communicate is by howling, whines, barks, growls, and even body posture. They only hunt things that are not considered food if it is seen as a major threat and prefer wild prey. Although the Grey wolf is...